Jim Cramer: It may be time to start looking for buying opportunities after rough market stretch
While CNBC's Jim Cramer still sees "plenty of risk" for Wall Street, the "Mad Money" host advised viewers Monday that it may be time to start looking for buying opportunities in certain stocks. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6
CNBC’s Jim Cramer said Monday he believes investors can begin to search for beaten-up stocks to buy after a tough stretch for Wall Street. But he stressed the need for discipline.
“Right now, there remains plenty of risk, although with the Nasdaq bruised and the overall market down 5% from the highs, I’m not trying to tell you, ‘Oh, here comes the sell-off,’” the “Mad Money” host said after all three major U.S. equity indexes finished in the red. “We can start looking for buying opportunities on the way down.”
“But we have to buy stocks gradually on the way down,” Cramer added, “because if you just jump in on every dip, well, then you’re going to get slaughtered.”
The S&P 500 fell 1.3% on Monday to finish at 4,300.46, its lowest close since July, while the tech-heavy Nasdaq Composite dropped 2.1% and is now down 4.7% in its past five sessions. The blue-chip Dow Jones Industrial Average on Monday declined 323.54 points, or 0.94%.
Despite certain stocks getting to attractive levels, Cramer said, he warned that it remains a “tough” market. Investors are no longer conditioned to simply buy every dip after Wall Street’s robust rally from March 2020 lows, and the high price of oil is creating inflationary worries, he said.
There’s also been “tremendous” profit-taking in technology stocks, which is weighing on the market overall, Cramer said, and continued uncertainty around policy out of Washington and aggression from Beijing.
“Against all of these is Merck’s Covid pill. ... It’s a good start,” Cramer said, referring to the company’s oral antiviral treatment, developed with Ridgeback Biotherapeutics. The drugmakers say it reduces the risk of hospitalization or death by roughly half for patients with mild or moderate Covid cases.
“Getting Covid under control is incredibly important, even for inflation. I think as stocks come down, we could be due for an oversold bounce,” Cramer said. “Nothing like lower stock prices to make the market more attractive. Plus, if oil prices ever go down, the averages will explode higher.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Jim Cramer: It may be time to start looking for buying opportunities after rough market stretch канала CNBC Television
CNBC’s Jim Cramer said Monday he believes investors can begin to search for beaten-up stocks to buy after a tough stretch for Wall Street. But he stressed the need for discipline.
“Right now, there remains plenty of risk, although with the Nasdaq bruised and the overall market down 5% from the highs, I’m not trying to tell you, ‘Oh, here comes the sell-off,’” the “Mad Money” host said after all three major U.S. equity indexes finished in the red. “We can start looking for buying opportunities on the way down.”
“But we have to buy stocks gradually on the way down,” Cramer added, “because if you just jump in on every dip, well, then you’re going to get slaughtered.”
The S&P 500 fell 1.3% on Monday to finish at 4,300.46, its lowest close since July, while the tech-heavy Nasdaq Composite dropped 2.1% and is now down 4.7% in its past five sessions. The blue-chip Dow Jones Industrial Average on Monday declined 323.54 points, or 0.94%.
Despite certain stocks getting to attractive levels, Cramer said, he warned that it remains a “tough” market. Investors are no longer conditioned to simply buy every dip after Wall Street’s robust rally from March 2020 lows, and the high price of oil is creating inflationary worries, he said.
There’s also been “tremendous” profit-taking in technology stocks, which is weighing on the market overall, Cramer said, and continued uncertainty around policy out of Washington and aggression from Beijing.
“Against all of these is Merck’s Covid pill. ... It’s a good start,” Cramer said, referring to the company’s oral antiviral treatment, developed with Ridgeback Biotherapeutics. The drugmakers say it reduces the risk of hospitalization or death by roughly half for patients with mild or moderate Covid cases.
“Getting Covid under control is incredibly important, even for inflation. I think as stocks come down, we could be due for an oversold bounce,” Cramer said. “Nothing like lower stock prices to make the market more attractive. Plus, if oil prices ever go down, the averages will explode higher.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
https://www.cnbc.com/select/best-credit-cards/
#CNBC
#CNBCTV
Видео Jim Cramer: It may be time to start looking for buying opportunities after rough market stretch канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Jim Cramer analyzes Tuesday's stock market rally, encourages patience before jumping in to buyJim Cramer explains why he believes taming Covid is the ultimate cure for inflationWhy Tesla Solar Hasn’t Worked Out The Way Elon Musk PromisedLoup's Gene Munster on how to trade Tesla stockFirst Trade की बड़ी खबरें | CNBC Awaaz Live | Business News Live | Stock Market | Share Market LiveMusk moving Tesla headquarters to Austin, TexasJim Cramer on Wednesday's market reversal, says he sees reasons to be more positive on stocksCramer's lightning round: Azek Company is a great stock hereCall of the Day: SQ jumps on Jefferies upgradeChina, Inflation, Supply Chain Shortages, & Zoom | ITK with Cathie WoodWhy Bitcoin’s Latest Rally Is Different From The Rest: CNBC After HoursGold is not the best inflation hedge, these assets are better – Adrian DayHow investors can hunt for opportunities in a volatile marketJanet Yellen: Fully expect recession if debt limit not liftedHere are the best places to find opportunity in this market.Chinese Developer Fantasia Misses Bond and Loan PaymentsExpect things to worsen over the next few weeks: Veritas Financial's BranchJim Cramer says investors are getting decent risk-reward in newly public Life TimeIBM CEO discusses Red Hat growth and its role in the company's hybrid cloud strategyJim Cramer sees a 'huge buying opportunity' in Microsoft